Solana Labs launched the Web3 Incubator, which provides dev and fundraising support
On October 26, Solana Labs announced a new incubator program for project development on the Solana blockchain.
Titled the “Solana Incubator,” the program provides fundraising, development, networking and marketing support for web and blockchain projects looking to build on the Solana platform.
Building a web3 startup on the Solana network? ️
Today, @SolanaLabs introduces the Solana Incubator, so you can tech, go to market, and get funding!
Learn more and apply https://t.co/W10WnEgDwQ
— Solana (@solana) October 26, 2023
The Solana Incubator is accepting applications through November 30. The recipients are said to receive support from the Solana Labs team and its partners throughout the development, marketing and launch of their projects.
According to Eamon Motamedi, Product Manager at Solana Labs:
“Our priority with the Incubator Program is to remove the biggest hurdles founders face today, including barriers around Web3 integrations and fundraising, so these teams can spend their time on what they do best: solving their users' burning problems. Providing founders with the resources they need to succeed, creating more sustainable businesses.” We hope to help grow not only the Solana ecosystem, but the Web3 industry as a whole.
Motamedi's comment comes at a press conference on October 26. “Additionally,” the article says, “the program is designed to help these startups increase their liquidity by giving them exposure to teams of top VCs in the Solana Labs network.”
In related news, Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, is now suspending new registrations from users in the UK.
As Cointelegraph reports, a message greeting UK users on Marinade Finance's website explains that the user ban comes “in response to concerns about compliance with UK finance laws and regulations”. [sic] Management Authority”.
From 8 October 2023, #crypto companies must trade openly, fairly and honestly with UK users and provide risk warnings that people can understand. https://t.co/cqxj1jVtAT
— Financial Conduct Authority (@TheFCA) September 7, 2023
The United Kingdom's Financial Conduct Authority announced on September 9 that new rules affecting crypto asset companies will come into effect on October 8, with a deadline to comply with the January 8 deadline. Many outlets have withdrawn products and services from the UK market.
Related: Solana Becomes Ecosystem Partner of Dubai Free Zone
